Cost cutting, cutbacks and departures at West LB
NEWS
Paul Bearman, head of rates trading, has left the bank and is understood to be heading to Calyon. Alan Attwood, regional head of asset and liability management, is to take early retirement at the end of the month.
Attwood, who will remain president of industry body ACI UK until the end of October, said the bank wants to migrate as much as possible of its trading business over to Dusseldorf in a bid to keep spending down. He added that Bearman's departure follows the bank's move six months ago to
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